Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution. In many cases, the public pays a price.
Category: Electric Light and Power
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Does Your Home Have Backup Power? We Want to Hear From You.
The New York Times – Business:Sales of generators and home batteries are up as people look to protect themselves from power outages, which are becoming more common.
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Mercedes-Benz Plans to Build U.S. Electric Car Charging Network
The New York Times – Business:The network could help increase the low number of charging stations, encouraging more people to buy electric vehicles.
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Why Are Energy Prices So High? Some Experts Blame Deregulation.
The New York Times – Business:California and the 34 other states that have deregulated all or parts of their electricity system tend to have higher rates than the rest of the country.
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Clean Energy Quest Pits Google Against Utilities
The New York Times – Business:Google says it can’t meet its goals for renewable power unless state-regulated utilities, particularly in the Southeast, give way to market competition.
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California Reduces Subsidies for Homes With Rooftop Solar
The New York Times – Business:The decision, which would reduce the incentive for homeowners to install solar panels, could influence other states to make similar changes.
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Advice for Europeans: Bundle Up and Get Ready for Outages
The New York Times – Business:As temperatures drop amid an energy crisis, governments say power blackouts may be necessary to conserve electricity.
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Inflation Eases Slightly in Germany and Spain
The New York Times – Business:The pace of consumer price gains in the two countries eased in November, the latest in a series of indications that their economies might suffer less in the coming months than predicted.
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U.K. Backs Giant Nuclear Plant, Squeezing Out China
The New York Times – Business:The British government threw its weight behind nuclear power, saying it would invest in a major new nuclear plant co-owned by France’s state utility.
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US Approves Aid to Extend Life of California Nuclear Plant
The New York Times – Business:The Energy Department’s grant of $1.1 billion is the latest step that could keep the reactor in operation beyond its scheduled shutdown in 2025.
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Half of France’s Nuclear Plants Are Off-Line
The New York Times – Business:France’s state-backed nuclear operator is scrambling to overcome a monthslong crisis to get as many reactors as possible restarted before winter sets in.
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China Is Burning More Coal, a Growing Climate Challenge
The New York Times – Business:The country’s emissions of greenhouse gases rose last year at the fastest pace in a decade. Beijing is looking for alternatives.